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Labor Market Information:

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Key Recent Labor Market Trends in Michigan PowerPoint Presentation Recent Trends in Jobs Recent Trends in Job Openings Potential Future Trends in the Michigan ... – PowerPoint PPT presentation

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Title: Labor Market Information:


1
  • Labor Market Information
  • Key Factors Driving Current Future Job Demand
    in Michigan

Michigan Department of Technology, Management
Budget Bureau of Labor Market Information
Strategic Initiatives
2
Key Factors Driving Job Demand
  • What are some of the key current trends in the
    Michigan labor market?
  • What are likely to be some of the key future
    trends in the Michigan labor market?
  • For some of Michigans key sectors
  • What are the key factors driving current job
    demand in those industries?
  • What may be some of the factors impacting future
    job demand in these sectors?

3
Who We Are
  • Bureau of Labor Market Information and Strategic
    Initiatives, part of the Department of
    Technology, Management and Budget
  • Responsible for producing and publishing
    information and analysis on the Michigan
    workforce and the states regions and counties
  • Most of our staff is located in Detroit, but a
    few economic analysts are situated in Lansing and
    other Michigan regions
  • Information on employment, unemployment, industry
    job trends, skill sets, occupations, wages,
    demographics of the labor pool, etc.

4
Key Recent Labor Market Trendsin Michigan
  • Labor force decline may have bottomed out
  • Michigan workforce levels fell for six
    consecutive years from 2007-2012
  • Workforce levels rose by 37,000 in 2013, the
    first increase since 2006
  • Michigan jobless rate dropped in 2013 for the
    fourth consecutive year, but remains above
    pre-recessionary level
  • Far fewer layoffs recently of persons with jobs,
    but job market remains competitive for the
    unemployed
  • Average duration of unemployment at a very high
    level about 39 weeks

5
Jobless Rate Gap (Michigan vs. U.S.) Has Narrowed
Since 2009 Michigan Rate Still Above 2008 Levels

6
Recent Trends in Jobs
  • Payroll jobs advanced in Michigan in 2013 for the
    third consecutive year
  • Michigan job gains over the last several years
  • Manufacturing
  • Health care
  • Technical services
  • Temporary help services
  • Restaurants
  • Mortgage banking
  • Job losses primarily in government

7
Recent Trends in Job Openings
  • Michigan top occupations with online job
    vacancies
  • Registered nurses
  • Truck drivers
  • Retail sales workers and managers
  • Industrial engineers
  • Customer service representatives
  • Mechanical engineers
  • Computer systems analysts
  • Faster openings growth over year in services,
    transportation, installation repair, health
    care support, and management occupations
  • Slow growth over year in clerical and sales job
    postings
  • Diverse set of industry sectors posting jobs

8
Potential Future Trends in the Michigan Labor
Market
  • Michigan population and labor force growth
    expected to be more modest than national average
  • Aging of the workforce will impact demand for
    goods and services, and produce job openings for
    replacement workers
  • Above average job growth expected for jobs
    requiring an associates, bachelors, or masters
    degree
  • Continued upskilling of jobs expected in some
    sectors in terms of educational/training
    requirements
  • Additional educational attainment will continue
    to be associated with lower unemployment rates
    and higher wages

9
Michigan Health Care Jobs Record Job Levels in
2013
10
Health CareRecent Factors Driving Job Demand
  • Only sector in Michigan with continuous job
    expansion even through the recession
  • Strong job gains in doctors offices, hospitals,
    home health care, social services
  • Investment in health care technology has created
    jobs in Michigan
  • Several prestigious medical centers in Michigan
    attract patients and conduct medical research
  • The aging of the Michigan population has
    generated increased demand for health services

11
Health CareFactors That May Impact Future Job
Demand
  • Continued aging of the population Baby-boom
    generation will be entirely 55 by 2020
  • Health status of the population
  • Emphasis on preventative care and home care could
    change dynamics of job demand
  • Continued pace of investment in health care
    technology
  • Health care labor supply will need to replace
    an aging health care workforce
  • Health care reform and the need for cost
    containment in the overall health care system

12
Michigan Professional Technical Services
Jobs Jobs at Highest Level Since 2001
13
Professional Technical ServicesRecent Factors
Driving Job Demand
  • Sector is a key source of knowledge jobs for
    the Michigan economy many high skillhigh wage
    positions
  • Strong recent job additions in Engineering
    services, IT services, Research and development
  • Michigan highly ranked nationally in number and
    share of science and engineering jobs
  • Strong recovery of auto industry has promoted
    much of the recent job expansion in this sector
  • Increased jobs in business consulting and IT
    services have benefited by rebound in business
    investment after recession

14
Professional Technical ServicesFactors That
May Impact Future Job Demand
  • Michigans competitive advantage A very high
    current share of jobs in engineering services
  • Future concentration of white collar technical
    jobs related to the auto industry
  • Pace of insourcing or outsourcing of IT functions
  • Technical jobs comprise an increased share of
    total jobs across many industries, leading to
    overall job gains
  • Technical services labor supply
  • Highly educated with most jobs requiring
    bachelors, associates degrees and above
  • Women are underrepresented in IT and engineering
    positions

15
Michigan Manufacturing Jobs Led Job Recovery
Since Recession
16
ManufacturingRecent Factors Driving Job Demand
  • Manufacturing jobs in Michigan
  • Cut in almost half from 1999 to 2009
  • Sector is top source of job growth over last year
    in Michigan economy
  • Recent job expansion primarily reflects strong
    rebound in domestic auto sales and auto
    production
  • Significant levels of investment in Michigan auto
    assembly operations
  • Job advances since 2009 reflect both recalls of
    laid off workers and new hires
  • Broad gains, with job growth rates of over 25
    percent since 2009 in fabricated metals,
    plastics, primary metals, autos, and machinery
    manufacturing

17
ManufacturingFactors That May Impact Future Job
Demand
  • Michigans competitive advantage Skilled labor
    supply in advanced manufacturing production and
    auto-related design and engineering
  • Productivity gains and automation will tend to
    limit long-term job expansion in manufacturing
  • Pace of insourcing or outsourcing of production
    work
  • Michigan manufacturing success in export markets
  • Labor supply issues
  • Production jobs increasingly require technical
    education and skill
  • Young people will need to be attracted to
    production occupations to replace an aging
    workforce

18
Michigan Employment Services Jobs Rapid Response
to Improved Post-Recession Economic Conditions
19
Employment ServicesRecent Factors Driving Job
Demand
  • High sensitivity to economic conditions
  • 24 percent job drop in Michigan from 2007 to 2009
  • All of this job loss recovered in 2010-2012
  • Temporary help sector now supplies labor to a
    wide range of private and public employers
  • Not all statistics on job gains in this industry
    reflect new jobs some reflects a shift in jobs
    to temporary agencies or professional employer
    organizations
  • Temporary help jobs increasingly used in early
    stages of an economic recovery?

20
Employment ServicesFactors That May Impact
Future Job Demand
  • Will employers increase utilization of a
    just-in-time labor supply?
  • Increased staffing flexibility
  • Quality of the temporary workforce and training
    issues
  • Some workers in temporary jobs may value mobility
    across job assignments others may prefer to
    migrate into permanent work through a temporary
    assignment
  • Temporary workforce now has wider diversity in
    occupations and skill levels than before
  • Average weekly wage in employment services only
    two-thirds of wage for all private sector jobs

21
Michigan Restaurant Industry Jobs Jobs Rebound to
2007 Levels
22
RestaurantsRecent Factors Driving Job Demand
  • Recent Michigan restaurant industry job growth
    matched the rate of gain of private sector jobs
  • 2012-2013
  • Michigan Private Sector Jobs 2.3 percent
  • Michigan Restaurant Industry Jobs 2.4 percent
  • Disposable income gains positive in Michigan for
    3 consecutive years
  • 2010 2.2 percent
  • 2011 4.1 percent
  • 2012 3.1 percent

23
RestaurantsFactors That May Impact Future Job
Demand
  • Population growth
  • Overall economic health
  • Disposable income growth
  • Consumer confidence
  • Consumer preferences
  • Interest in local sourcing of food and nutrition

24
DTMB Labor Market Information Website
(www.michigan.gov/lmi)
  • Contains current monthly and quarterly data on
    the Michigan and regional job markets
  • Economic data can be downloaded on a customized
    basis using Data Explorer tool
  • Many publications with information on regional
    workforce trends
  • Employment, unemployment, industries,
    occupations, forecasts, more

25
Other Useful Websites
  • Bureau of Labor Statistics
  • www.bls.gov
  • Census Bureau
  • www.census.gov
  • American Community Survey
  • www.census.gov/acs/www
  • OnTheMap
  • http//onthemap.ces.census.gov
  • Bureau of Economic Analysis
  • www.bea.gov

26
Key Factors Driving Current Future Job Demand
in Michigan
  • For additional information
  • Bureau of Labor Market Information Strategic
    Initiatives
  • Bruce Weaver
  • Manager of Labor Market Analysis
  • 313.456.3091
  • weaverb1_at_michigan.gov
  • Please visit our website at www.michigan.gov/lmi
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